Joel & Fay Foundation
Joel & Fay Foundation is a private foundation, based in Brooklyn, NY. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $6.6M in total assets. In 2025, it awarded 1 grant totaling $316K. Net investment income was $645K.
Joel & Fay Foundation at a glance
In short: Joel & Fay Foundation gave $316K across 1 grant in 2025 (avg $316K), mostly in New York. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $315,549
- +1.1% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $315,549
- +1.1% vs 2024
- Median grant
- $315,549
- Total assets
- $6,557,535
- +4.5% vs 2024
- Primary geography
- New York (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Joel & Fay Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Information Available Upon Request ($316K).
Grant Size Distribution
40 grants across all recorded years
The most common grant size was under $50K: 32 grants of 40 (80%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How Joel & Fay Foundation gives
- Giving held roughly steady from 2022 to 2025 (−12%). Method
- In 2025 it paid out 428% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $268K (2021) to $361K (2022). In 2025 it made 1 grant totaling $316K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Information Available Upon Request Brooklyn, NY | Charitable/Education | $315,549 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $6,557,535 | $611,280 | $327,812 | $315,549 | 1 | $315,549 | $644,986 | $73,764 |
| 2024 | $6,274,066 | $529,678 | $317,841 | $312,001 | 1 | $312,001 | $529,678 | $26,500 |
| 2023 | $6,062,229 | $381,188 | $295,384 | $295,384 | 17 | $295,384 | $381,188 | — |
| 2022 | $5,976,425 | $424,493 | $369,818 | $360,553 | 9 | $369,818 | $424,493 | — |
| 2021 | $5,921,750 | $433,706 | $276,960 | $267,909 | 12 | — | $433,706 | $97,892 |
| 2020 | $5,765,004 | $470,060 | $300,923 | $291,168 | 16 | — | $470,060 | $55,909 |
Under IRS private-foundation payout rules, Joel & Fay Foundation reported a distributable amount of $74K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Joel & Fay Foundation's 2025 filing lists 2 officers; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Michael Tepler
Trustee
On filings since 2020
No compensation reported
Morris Tepler
Trustee
On filings since 2020
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Joel & Fay Foundation
How much does Joel & Fay Foundation give each year?
Joel & Fay Foundation gave $316K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $312K across 1 grant.
How large is Joel & Fay Foundation?
Joel & Fay Foundation reported $6.6M in total assets on its 2025 IRS Form 990-PF. It paid out $316K in qualifying distributions that year, against a required minimum of $74K (roughly 5% of its investment assets).
Where does Joel & Fay Foundation operate?
Joel & Fay Foundation has awarded grants in New Jersey, New York.
What is Joel & Fay Foundation's EIN?
Joel & Fay Foundation's EIN (Employer Identification Number) is 13-4215838. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS July 15, 2026)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in Joel & Fay Foundation's focus areas in our free grants database
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